A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021.
Costfoto | Future Publishing | Getty Images
BEIJING — Another budget-priced electric car brand is taking off in China, this time selling compact SUVs.
Nezha, named after a feisty Chinese mythological character, claims its car deliveries more than doubled in 2022 to surpass 152,000 vehicles. Most deliveries were of the Nezha V, a compact SUV whose post-subsidy price starts at 83,900 yuan ($12,000).
In contrast, Nio‘s larger SUVs — with a longer driving range and many other features — start around 400,000 yuan.
However, Nio delivered more than 122,000 electric cars in 2022, up by a modest 34% from the prior year. That includes the company’s premium-priced sedans.
Nio has emphasized its focus is on the more niche, higher-end segment, but has hinted at plans